Sina Corp. (SINA) Sets New 1-Year High at $72.88
Sina Corp. (NASDAQ:SINA)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $72.88 and last traded at $71.74, with a volume of 707,536 shares. The stock had previously closed at $70.75.
A number of equities analysts have commented on SINA shares. Zacks Investment Research upgraded shares of Sina Corp. from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 3rd. Brean Capital reiterated a “buy” rating on shares of Sina Corp. in a report on Thursday, May 12th. Finally, Jefferies Group upgraded shares of Sina Corp. from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Friday, July 22nd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $56.69.
The firm has a market cap of $5.00 billion and a PE ratio of 57.75. The firm has a 50 day moving average of $59.91 and a 200-day moving average of $51.14.
Sina Corp. (NASDAQ:SINA) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.12. During the same quarter last year, the company earned $0.06 EPS. The business had revenue of $244 million for the quarter, compared to analyst estimates of $231.09 million. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. Equities research analysts expect that Sina Corp. will post $1.08 EPS for the current year.
Sina Corporation is an online media company serving China and the global Chinese communities. The Company’s digital media network of SINA.com (portal), SINA mobile (mobile portal and mobile applications) and Weibo (social media) enables Internet users to access professional media and user generated content (UGCs) in multi-media formats from personal computers and mobile devices, and share their interests with friends and acquaintances.
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